LAS VEGAS (FOX5) — Vegas Golden Knights founder and majority owner Bill Foley announced he is seeking an NBA expansion franchise for Las Vegas on Monday.
According to a press release, Foley plans to build the NBA team on his existing Las Vegas sports infrastructure, including majority ownership of the Golden Knights and venue rights at T-Mobile Arena.
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The vision also includes a dedicated practice facility, a player-health campus, and integrated media, sponsorship, and fan experience programs spanning both franchises.
“Las Vegas has earned its place among the great sports cities in America, and an NBA team belongs here,” Foley says.
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“We built the Golden Knights into a championship organization from the ground up, and we are prepared to do it again – with the same standard, the same commitment to this community, and the same insistence on winning. We have the market, a proven world-class arena, and a best-in-class organization in place. Our intention is to be ready the day the NBA is ready.”
Foley said his group will follow the NBA’s expansion process and work within the timeline set by the league and its Board of Governors.
He expects to bring in a limited number of minority partners aligned with the franchise’s long-term vision.
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